10/12/20 Bank of China and BNU to continue issuing Macau banknotes The Bank of China and the BNU have signed an agreement with Macau to issue patacas for the next 10 years.
10/11/20 Fitch expects MGM Macau revenue to drop 19% Rating the company’s new notes, the agency offered an outlook of what it expects for the Macau segment of the business.
10/09/20 Macau GGR down 76% during Golden Week Revenue increased 279 per cent month-on-month but remained low compared to pre-pandemic levels.
10/09/20 Macau could return to pre-pandemic levels in 2022 According to JP Morgan analysts, Macau’s gaming industry will not see a complete recovery until 2022.
10/09/20 IPI gets 6-month deferral on US$20m debt The proposal to split the payment of its casino fee for 2020 has been rejected by the Commonwealth Lottery Commission.
10/09/20 Genting Hong Kong gets subsidy from Germany The cruise line has requested US$670 million but for now received only US$226million in government aid during the pandemic.
10/08/20 Macau Golden Week numbers below expectations According to SJM Holdings’ executive director Angela Leong On Kei, the tally of visitors was “not enough”.
10/08/20 Star Entertainment obtains debt waivers The company also provided an update on subsides the Australian government has granted to pay salaries.
10/08/20 Grand Korea Leisure sees 76% annual loss Its casinos were closed from March to May and saw revenue drop 53 per cent year-on-year for the first nine months of 2020.
10/07/20 Asian suppliers’ stocks rise while American companies drop The AGEM Index jumped 10 per cent in September although the main American companies saw stocks tumble.
10/07/20 Paradise Co. sees sales jump almost 20% Gaming sales improved in September compared to August but remained down 70 per cent year-to-year.
10/05/20 NagaCorp reports good recovery in mass market The company has revealed that it recovered 97 per cent of its mass-market gaming segment volumes in the August-September.
10/05/20 Macau: Golden Week visitors down 87% in first days The city has seen low numbers of visitors for the annual holiday compared to 2019, despite the resumption of visas.
10/02/20 Macau govt needs to add US$2.5bn to budget An extra amount from financial reserves will be added to the budget to make up for reduced income from gaming taxes.
10/02/20 Gaming machine profits fall in NSW Net profits at clubs and hotels in NSW fell by almost 36 per cent year-on-year in the first six months of 2020.
